J3 facilitates A-rated building warranty insurance for Manchester BTR

J3 Advisory facilitates A-rated building warranty insurance for McGoff Group's Downtown Victoria North Build to Rent scheme in Manchester.

McGoff Group's Downtown Victoria North Build to Rent scheme in Manchester. J3 Advisory has facilitated A-rated building warranty insurance for the scheme | BTR News
McGoff Group's Downtown Victoria North Build to Rent scheme in Manchester. J3 Advisory has facilitated A-rated building warranty insurance for the scheme.

J3 Advisory, an independent insurance and finance advisory, has sourced and placed the building warranty insurance policy for McGoff Construction’s 237-unit residential venture on Rochdale Road, Manchester.

Part of Manchester City Council’s Victoria North Strategic Regeneration Framework, this £55m development will fall under the McGoff Group’s ‘Downtown’ brand and will encompass 237 homes, including a variety of one-, two-, and three-bedroom apartments. Additionally, there will be duplex apartments, some of which will feature garages and storage spaces, along with a private driveway.  

Creating a superb new community in the city centre, the development will offer a spacious communal lobby with 24hr concierge, a stylish resident lounge, meeting area and gym facilities, as well as secure underground parking for 29 cars and a cycle store. There will also be landscaped grounds and courtyards within the development for resident-only use. The scheme is well underway and due to complete in late 2025.

Referred to as Downtown Victoria North, it will be a Build to Rent project, with Downtown Asset Management retaining ownership and overseeing rental lettings.

McGoff has previously always collaborated with prominent national brokers for insurance needs on their projects. However, when reviewing their insurance for Rochdale Road, the team approached the process with a forward-thinking mindset. This ultimately led them to partner with J3 Advisory, a recommendation from Dalbergia, a prominent cost consultancy and project monitoring firm in the UK.

“We are delighted to have obtained A-rated coverage for a project of this scale. The policy with Thomas Miller Specialty Construction, underwritten by Aviva underscores J3’s commitment to providing robust insurance solutions for large-scale Build to Rent and PBSA developers, backed by A-rated providers and on a full reinstatement value basis.”

Daisy Neall, Head of Business Development, J3 Advisory

The ten year insurance policy will provide cover for damage as a result of defective design, workmanship or materials.

Since its establishment in 2021, J3 Advisory has placed structural warranty insurance for over 5,000 units across the UK, encompassing residential, Build to Rent, PBSA and commercial developments. Recent notable transactions include the placement of LDI policies on a high-value residential project in central London, boasting a contract value surpassing £200m, alongside a £60m PBSA scheme in South London. 

Operating from its Head Office at St George’s Court in Altrincham, south Manchester, the McGoff Group has the seamless ability to acquire, design, build, operate and maintain across targeted healthcare, residential and commercial sectors making it the favoured choice for clients, funders, joint venture partners and supply chain partners alike.

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